Network Theory in Economics

Philipp Servatius ()
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Philipp Servatius: Université de Fribourg

Chapter Chapter 3 in Network Economics and the Allocation of Savings, 2012, pp 119-155 from Springer

Abstract: Abstract This chapter is intended to establish certain elements from graph theory as instruments applied within game theory. Because in game theory, the interaction between agents is modelled, it seems only natural to introduce networks that formalize the possibilities of actions taken or cooperation undertaken by and among the players. Graph theory is used to depict this network. Introducing networks in this way allows for many structural simplifications and especially an intuitive illustration of the relationships among players, once the purpose of the underlying network is specified.

Keywords: Nash Equilibrium; Network Formation; Allocation Rule; Grand Coalition; Complete Network (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-642-21096-9_3

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DOI: 10.1007/978-3-642-21096-9_3

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